A CNG fueling station in Pittsburgh is selling natural gas at the equivalent of $1.89 per gallon, while gasoline costs $3.77. Given prices like those, not too surprisingly, the CNG station has seen soaring demand, up from a tiny 2,000 gallons per month to 15,000 gallons in 1,000 monthly transactions.
Business is indeed booming at the one and only CNG station in Pittsburgh. Going into the 7th year of the Marcellus boom and the 13th year of the shale revolution, the fact that Pittsburgh, in the heart of the Marcellus region, has 1 public CNG fueling station shows the missed opportunity to end our addiction to expensive and dirtier oil that still is about 40% imported.
The fueling market is broken and policy has not responded to the market failure. And so we keep pumping $3.77 gasoline into vehicles when $1.89 natural gas is available.